CW Advisors LLC Acquires 11,157 Shares of ConocoPhillips $COP

CW Advisors LLC lifted its holdings in ConocoPhillips (NYSE:COP) by 6.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 178,054 shares of the energy producer’s stock after purchasing an additional 11,157 shares during the period. CW Advisors LLC’s holdings in ConocoPhillips were worth $15,979,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Navalign LLC boosted its position in ConocoPhillips by 1.1% during the 2nd quarter. Navalign LLC now owns 9,918 shares of the energy producer’s stock valued at $890,000 after acquiring an additional 108 shares in the last quarter. Tritonpoint Wealth LLC lifted its stake in shares of ConocoPhillips by 1.3% during the 2nd quarter. Tritonpoint Wealth LLC now owns 8,329 shares of the energy producer’s stock worth $747,000 after purchasing an additional 110 shares during the last quarter. Iowa State Bank boosted its position in ConocoPhillips by 0.5% during the second quarter. Iowa State Bank now owns 22,193 shares of the energy producer’s stock valued at $1,992,000 after purchasing an additional 110 shares in the last quarter. Perennial Investment Advisors LLC grew its stake in ConocoPhillips by 2.8% in the second quarter. Perennial Investment Advisors LLC now owns 4,097 shares of the energy producer’s stock valued at $368,000 after purchasing an additional 112 shares during the last quarter. Finally, First National Bank Sioux Falls raised its holdings in ConocoPhillips by 4.6% in the second quarter. First National Bank Sioux Falls now owns 2,572 shares of the energy producer’s stock worth $231,000 after purchasing an additional 113 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ConocoPhillips

In other news, Director William H. Mcraven bought 5,768 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $86.68 per share, for a total transaction of $499,970.24. Following the completion of the transaction, the director directly owned 5,768 shares in the company, valued at approximately $499,970.24. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

ConocoPhillips Trading Up 2.7%

NYSE COP opened at $91.73 on Thursday. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $106.20. The company has a fifty day simple moving average of $89.70 and a two-hundred day simple moving average of $91.75. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35. The stock has a market cap of $113.35 billion, a P/E ratio of 12.97, a P/E/G ratio of 2.04 and a beta of 0.32.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.20. The firm had revenue of $15.03 billion for the quarter, compared to the consensus estimate of $14.51 billion. ConocoPhillips had a return on equity of 13.64% and a net margin of 14.25%.The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.78 EPS. On average, analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a $0.84 dividend. The ex-dividend date was Monday, November 17th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a dividend yield of 3.7%. ConocoPhillips’s dividend payout ratio (DPR) is 47.52%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on COP shares. Morgan Stanley lowered their price target on shares of ConocoPhillips from $122.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Capital One Financial raised their target price on shares of ConocoPhillips from $111.00 to $112.00 in a research note on Friday, October 3rd. Wall Street Zen raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Sanford C. Bernstein increased their price objective on ConocoPhillips from $115.00 to $116.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Finally, Piper Sandler reissued an “overweight” rating and issued a $115.00 price objective on shares of ConocoPhillips in a research report on Monday, November 24th. Nineteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.16.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.